dYdX (DYDX) Price Prediction 2022 – Will DYDX Hit $3 Soon?

dYdX (DYDX) Price Prediction 2022 - Will DYDX Hit $12 Soon?
  • Bullish DYDX price prediction is $2.369 to $4.280.
  • The DYDX price will also reach $3 soon.
  • DYDX bearish market price prediction for 2022 is $1.015.

In dYdX (DYDX) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about DYDX to analyze the future movement of the cryptocurrency. 

dYdX (DYDX) Current Market Status

According to CoinGecko, the price of dYdX (DYDX) is $2.45 with a 24-hour trading volume of $413,298,311 at the time of writing. However, DYDX has increased to 9.8% in the last 24 hours. 

Moreover, dYdX (DYDX) has a circulating supply of 135,568,414  DYDX. Currently, DYDX trades in cryptocurrency exchanges such as Binance, Kucoin, Kraken, Bitstamp, and Gate.io.

What is dYdX (DYDX)?

dYdX (DYDX) is a decentralized exchange platform for cryptocurrency margin trading for assets like BTC, ETH, SOL, DOT, and some more crypto assets. Furthermore, the hype around dYdX has intensified because the exchange finally presents a clear decentralized to perpetual exchange BitMex, FTX, and Bitfinex. 

dYdX is a brilliantly executed decentralized crypto derivatives exchange with a plethora of margin trading and perpetual for everyone. Besides having a clever name, dYdX has filled a compelling niche within the crypto trading realm. 

dYdX (DYDX) Price Prediction 2022

dYdX (DYDX) holds the 97th position on CoinGecko right now. DYDX price prediction 2022 is explained below with a weekly time frame.

DYDX/USDT Horizontal Channel Pattern (Source: Tradingview)

The above chart of dYdX (DYDX) laid out the Horizontal channel pattern, also known as the sideways trend. In order to indicate how the price is constrained between the upper line of resistance and lower line of support, horizontal channels are trend lines that join changeable price highs and lows.

Currently, dYdX (DYDX) is at $2.179.If the pattern continues, the price of DYDX might reach the resistance level of $2.751 and $5.336. If the trend reverses, then the price of DYDX may fall to $1.832 and 1.204.

dYdX (DYDX) Support and Resistance Levels

The chart below shows the support and resistance levels of dYdX (DYDX).

DYDX/USDT Support and Resistance Level (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of dYdX (DYDX).

Resistance Level 1$2.369
Resistance Level 2$4.280
Support Level 1$1.499
Support Level 2$1.015
dYdX Resistance & Support Level

The charts show that DYDX has performed a bullish trend over the past month. If this trend continues, DYDX might run along with the bulls overtaking its resistance level at $4.280.

Accordingly, if the investors turn against the crypto, the price of the DYDX might plummet to almost $1.015, a bearish signal.

dYdX (DYDX) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of dYdX (DYDX) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of DYDX lies below the cutoff line, indicating weak participants in the current trend.

DYDX/USDT RVOL, MA, RSI (Source: Tradingview )

Moreover, the Moving Average (MA) of dYdX (DYDX) is shown in the above chart. Notably, the DYDX price lies below 50 MA (short-term), so it is entirely in a downward trend.Currently, DYDX is in a bearish state. There is a possibility of a reversal trend of DYDX at any time.


Meanwhile, the relative strength index (RSI) of the DYDX is at a level of 61.04. This means that DYDX is in a nearly overbought state. However, this gives confidence to the traders to trade without any fear.

dYdX (DYDX) Price Prediction 2022 — ADX, RVI

Let us now look Average Directional Index (ADX) of dYdX (DYDX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

DYDX/USDT ADX, RVI (Source: Tradingview )

The above chart represents the ADX of dYdX (DYDX). Currently, DYDX lies in the range of 25.243, so it indicates a strong trend. 

From the above chart, the Relative Volatility Index (RVI) of dYdX (DYDX). RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of DYDX lies below 50, indicating low volatility. In fact, DYDX’s RSI is at 61.04, thus confirming a potential sell signal.

Comparison of DYDX with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and dYdX (DYDX).

BTC Vs ETH Vs DYDX Price Comparison (Source: Tradingview)

From the above chart, we can interpret ETH, BTC, and DYDX are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and DYDX also increase or decrease respectively.

dYdX (DYDX) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  dYdX (DYDX) might probably attain $5 by 2023.

dYdX (DYDX) Price Prediction 2024

With several upgrades in the network, dYdX (DYDX) might enter a bullish trajectory. If the coin grabs the attention of major investors, DYDX might rally to hit $7 by 2024. 

dYdX (DYDX) Price Prediction 2025

If dYdX (DYDX) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, DYDX would rally to hit $9.  

dYdX (DYDX) Price Prediction 2026

If dYdX (DYDX) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, DYDX would rally to hit $12. 

dYdX (DYDX) Price Prediction 2027

If dYdX (DYDX) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, DYDX would rally to hit $15. 

dYdX (DYDX) Price Prediction 2028

If dYdX (DYDX) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, DYDX would hit $18.

dYdX (DYDX) Price Prediction 2029

If investors flock in and continue to place their bets on dYdX (DYDX), it would witness major spikes. DYDX might hit $20 by 2029.

dYdX (DYDX) Price Prediction 2030

With greater advancements in the dYdX ecosystem, the crypto community might continue to invest in dYdX (DYDX) for the next 8 years and drive significant price rallies for the token. Hence, dYdX (DYDX) might hit $23 by 2030.

Conclusion

With continuous improvements in the dYdX network, we can say that 2022 is a good year for DYDX. For this reason, the bullish price prediction of dYdX (DYDX) in 2022 is $4.280. On the other hand, the bearish price prediction of dYdX (DYDX) for 2022 is $1.015.

Furthermore, with the advancements and upgrades in the dYdX ecosystem, the performance of dYdX (DYDX) might hit $3 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $27.86 in the near future.

FAQ

1. What is dYdX (DYDX)?

dYdX (DYDX) is a decentralized exchange platform for cryptocurrency margin trading for assets like BTC, ETH, SOL, DOT, and some more crypto assets.

2. Where can you purchase dYdX (DYDX)?

dYdX (DYDX) has been listed on many crypto exchanges which include Binance, Kucoin, Kraken, Bitstamp, and Gate.io.

3. Will dYdX (DYDX) reach a new ATH soon?

With the ongoing developments and upgrades within the dYdX platform, dYdX (DYDX) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of dYdX (DYDX)?

On Sep 30, 2021, dYdX (DYDX) reached its new all-time high (ATH) of $27.86.

5. Is dYdX (DYDX) a good investment in 2022?

dYdX (DYDX) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of dYdX in the past few months, DYDX is considered a good investment in 2022.

6. Can dYdX (DYDX) reach $3?

dYdX (DYDX) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then dYdX (DYDX) will hit $3 soon.

7. What will be dYdX (DYDX) price by 2023?

dYdX (DYDX) price is expected to reach $5 by 2023.

8. What will be dYdX (DYDX) price by 2024?

dYdX (DYDX) price is expected to reach $7 by 2024.

9. What will be dYdX (DYDX) price by 2025?

dYdX (DYDX) price is expected to reach $9 by 2025.

10. What will be dYdX (DYDX) price by 2026?

dYdX (DYDX) price is expected to reach $12 by 2026.

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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